Can Altria's (MO) Focus on Smokeless Products Fuel Growth? – Nasdaq

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Altria Group, Inc. MO appears well-placed on the back of its impressive brand portfolio and strong pricing power. Though the company has been experiencing the jolts of declining demand for tobacco products and stringent government regulations to curb the consumption, management has been aggressively working toward producing smokeless products.

Impressively, the company’s shares have rallied 9.9% in the past three months, ahead of the industry ‘s gain of 6% and the broader Consumer Staples sector’s growth of 2%. Also, a Momentum Score of B and a long-term earnings growth rate of 7.4% highlight the stock’s inherent potential.

What’s Working Well for the Stock?

Altria has been gaining from its progress in the smokeless products category, which is also contributing significantly to the company’s performance. Its flagship MarkTen and Green Smoke e-vapor products are performing well in this category. In third-quarter 2017, MarkTen became a leading e-vapor brand in the United States with a retail market share of approximately 13.5% in mainstream retail channels. Management expects the smokeless product category, including e-vapor products, to continue performing well

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